Family offices are increasingly deploying capital into Singapore real estate as improving financing conditions and stable asset fundamentals drive an expected rebound in deal activity, with Savills projecting investment sales could reach as much as $40 billion in 2026.
The property consultancy raised its forecast for the year to $35 billion–$40 billion, from an earlier estimate of $34 billion, citing lower interest rates and sustained capital inflows into the city-state.
Investment activity has started strongly, with total transactions hitting $11.48 billion in the first quarter, up 3.5% from the previous quarter and nearly doubling from a year earlier.
Savills said private funds and family offices were among the key drivers of activity, alongside developers replenishing land banks amid steady residential demand.
The growing participation of family offices underscores how wealthy investors are positioning for yield and capital preservation in Singapore’s real estate market, widely seen as a regional safe haven.
Commercial investment sales reached $2.04 billion in the first quarter, down 42.6% quarter-on-quarter due to a high base in late 2025.
Still, office and retail assets continued to post stable occupancy and income profiles, supported by lower borrowing costs and narrowing pricing gaps between buyers and sellers.
Industrial assets saw strong momentum, with $2.94 billion in transactions, up 38.1% from the previous quarter, while the mixed-use segment more than doubled to $1.89 billion.
Major deals included a government land sale site in Hougang Central awarded for $1.50 billion to a CapitaLand–UOL consortium, and Frasers Property’s $391.9 million acquisition of part of The Centrepoint.
Analysts say the environment is increasingly favorable for family offices seeking defensive, income-generating assets, particularly as global volatility persists.
Singapore’s transparent regulatory framework, deep liquidity, and role as a regional wealth hub continue to attract private capital looking for stability and long-term value creation.
Savills expects private-sector office and retail assets to remain resilient through 2026, supported by improving investor sentiment and a more accommodative interest rate backdrop, reinforcing the city-state’s appeal to family offices and institutional investors alike.